28Nov

Many business owners that sit down with us here at the Alexander Insurance Agency of St Charles want to make sure that they are doing everything they can to maximize productivity during both prosperous and tight times. Any business that is realigning its values and maximizing their potential is bound to take a good look at its safety procedures, assuring that everyone is safe and able to effectively crank out the digital or physical goods!

After going through our various blog sources for the year we came across one with some great ideas we’d love to share with any business owner. All these tips are specific to different seasons and will assure that your bottom line and commerce stay healthy whether the elements decide to rain or shine outside during 2023.

Fall Safety Tips:

  1. As the days are now shorter, make sure things are lit up well at night to minimize occupational hazards.
  2. Keep in mind that driving any type of vehicle over damp leaves can be slippery, much like icy roads are in the winter.
  3. Take some time to review your preparedness plan for dealing with natural disasters, as the season winding down provides extra time for some.
  4. After a very damaging storm hits, stay away from affected areas until they are properly cleared and revitalized.
  5. Take special care to look at surfaces with a lot of traffic and sanitize them frequently to cut down on the spread of germs.
  6. Encouraging employees to be vaccinated against the flu and other prevalent viruses will cut down on unnecessary absences, allowing you to be confident that you are operating with a capable and at-capacity staff. 

Winter Safety Tips:

This can be one of the most perilous times of year, as blizzards, ice storms, and high winds can make transit and delivery extra challenging.

  1. If you run a business that involves outside work, make sure everyone has indoor breaks to keep from frostbite and other exposure.
  2. Encourage heavy layers and extra warm clothing, as very frigid temperatures can creep up and drastically affect workers’ health.
  3. Be sure to plan driving routes that will fully avoid any incoming storms.
  4. Even though it can be challenging, things will be running full steam if you are constantly keeping driveways and parking lots clear of snow and ice to make sure there are no accidents.
  5. Make sure that snow and water tracked inside have been regularly cleaned and stay diligent with refreshing mats that get wet in your entryway. 
  6. Make sure you have a very capable team of experts that you can get in touch with for emergency help, such as a roof inspector, professional plowing, and plumber in case of freezing or other damage.

Spring Safety Tips:

Even though spring is many business owners’ most profitable season, there is still a heightened risk of inclement weather to always be aware of.

  1. A thorough spring cleaning does great at keeping the workplace safe, as you can cut down on fire hazards, deep clean flooring, and make sure gutters are clear.
  2. Since we frequently have tornadoes here in Missouri, it’s best to prepare your property and assure you have a safe space for employees in case there is a touchdown or funnel cloud nearby.
  3. The side effects of spring forward during daylight savings time can linger for a couple days, and businesses that require full attention may need to be alert during this interval for worker fatigue.
  4. Many companies start a sports team during spring, as the weather improves drastically. Make sure to cover all your legal bases in case anyone accidentally gets injured during practice or competition.

Summer Safety Tips:

As the temperatures begin to heat up, strong storms and wildfires can be just a few of the unexpected elements that can affect your business with or without proper planning.

  1. Make sure that outdoor workers are constantly hydrated, as this is the driving factor behind many shift workers having to suddenly go home and leave you short-staffed.
  2. For those working in the heat, make sure that they are clothed appropriately. Fabric that breathes a bit can go a long way in providing stamina and relief for servers, construction workers, and other outdoor crew members. 
  3. Keep tabs on the weather, as it can change during summer months just as drastically as in Winter! Winds and precipitation can pick up quickly, and render you a bit unprepared. 
  4. Installing a generator can help you be prepared if there is a power loss, which is crucial for refrigeration, storage, data provisioning, and credit card processing. 
  5. If your business area is prone to wildfires, create a defensible space around the perimeter to keep any damage at a minimum. Touching base with us here at the Alexander Agency is an ideal starting point to be even further prepared as a plan of action for any of the elements that the four seasons can offer as a surprise!
21Nov

For many people nationwide, winter storms can pose a severe inconvenience. But when you’re invested in the daily operations of a small business, the peril they can induce on your livelihood is massive. The freezing rain, snow, and sub-zero temperatures can spell the makings of a major disaster. They can affect the flow of the supply chain, stall valuable foot traffic, and have a grave effect on vital consumer confidence. Thankfully, there are a few ways that you can lessen the blow of Winter’s impact upon the daily operations that you have worked so hard to protect.

Insuring Your Operations and Valuable Property:

The presence of an optimal commercial insurance policy is one of your best ways to defend against the perils of mother nature’s wrath. The benefit of a business owner’s policy combines general liability insurance and property damage coverage. One very common scenario is having a customer getting hurt on icy steps, while another one is the freezing of pipes that can leave you with extensive damage. If vehicles are an integral part of your daily operation, commercial auto insurance will kick in and provide coverage for storm-related incidents.

The Ideal Steps to be Bulletproof from Old Man Winter:

  • Drain your hose lines and assure that your water is completely turned off outside.
  • Assure that the hose from the water valve is stored in a weatherproof location.
  • Make sure that outdoor plants are trimmed back and prepared for an arctic blast.
  • See to it that outdoor furniture is covered or inside.
  • See to it that air-conditioning condensers are covered.
  • Clean out your gutters
  • Closely examine the weather stripping around doors and windows for replacement needs
  • Attempt to replace old and drafty windows
  • Replace furnace filters approximately every six months.
  • Clean all adjoining chimneys
  • Clean and maintain dryer vents with a vacuum
  • Dust fan blades
  • Frequently check coolant and other filters such as de-icer in your vehicles

Polish up on Preparedness With Emergency Drills:

If you find yourself unprepared when extreme weather strikes, the financial hits to any thriving business can mount quickly. The Federal Emergency Management Agency recommends performing several types of drills before things get frigid outside, assuring that you have a plan in place. They have outlined some excellent plans for various scenarios, such as burst pipes and loss of cell phone reception. After having been through a dry run of an unexpected event, it can make matters that much easier when you’re head-on and facing the eye of the storm.

Not Being Caught off Guard: The Multiple Benefits of a Continuity Plan:

The most intense of winter storms can provide a fallout for many days, and sometimes even weeks. Since many businesses can take huge financial hits while being down for any length of time, a continuity plan can be of great help. These important strategies will assure that you can keep your supply lines open, have good means of communication with your employees, erect a makeshift headquarters, and begin with insurance claims during the toughest of times. Having well-organized recovery teams and very thorough exercises for when this may occur are some of your strongest assets that will shine when you may be struggling through the aftermath of a natural disaster.

The Bonus of Current Forecasts’ Enhanced Accuracy:

The National Weather Service currently does an excellent job of keeping close tabs on winter storms with their useful interactive map. Some of the most damaging storms from the late 1970s could not have been prevented, yet still could have seen much more preparation on behalf of citizens nationwide. At that time the Weather Service could tell there were blankets of clouds, but accuracy with inches of total precipitation can be very beneficial now as we have seen right here in Missouri and in areas such as New England.

Contact us here at the Alexander Agency of St Charles to learn about your options for winter storm coverage. When the temperatures drop and there are forms of peril that can happen to your home or business, the peace of mind that you’ll be covered is worth the extra effort. Following these preparedness tips can allow you to encounter less difficulty during the events right after the storm while you are waiting for “the beacon of light” in the form of your coverage’s assistance!

16Nov

Over the past year, it’s not just prices at the gas pump that are making a beeline for your wallet, as auto insurance rates continue to rise nationwide as well. Now more than ever, drivers are looking for ways to save money on their premiums. Thankfully, there are many options available that utilize modern technology. Currently, most insurance companies offer  insurance tracking devices, which allow you to save under the company’s watchful eye. 

What is a car insurance tracker?

Insurance trackers are connected to your car or work through an app on your phone in order to constantly collect data about your driving habits. There are discounts available for safe drivers or for those who aren’t on the road as often and are willing to forgo just a bit of privacy. These devices can offer you up to 30% off your insurance rates and offer the benefit of usage-based premiums. One type of tracker plugs into the OBD-II port under the steering wheel, the same place that highly populated states monitor smog.

The other type is an app you install on your phone, then use your phone’s GPS, accelerometer, data, and other sensors to track your movement and driving. The current trend is usually in favor of this variety, which is a bit more modern and relies on a more reliable signal. Some of these include Drive Safe & Save, DriveEasy, and Progressive Snapshot

How do These Trackers Work?

This is a bit different from brand to brand, but the main objective is to track where you are, pertinent information about your vehicle, and what your driving habits are like from day to day. Providers offer the app as part of a program involving usage-based insurance. Once you get behind the wheel, it starts to gather valuable metrics such as mileage, speed, hard stops, and even time of day to come up with a reasonable insurance premium.

While this may feel somewhat invasive, these types of checks and balances can provide massive rewards for driving safely.

What are some of the factors to consider regarding tracking devices?

There are several different pros and cons that you encounter while using an insurance tracking program. One of the good things about doing this is that you could lower your insurance premium and save money, especially if you are safe or have cut down on the frequency of your driving. On the other hand, if you are someone who frequently speeds, ignores stop signs or drives erratically, you may see your rates rise.

All these insurance tracking devices use GPS technology which can be a huge advantage in other areas besides just lowering your rate. These trackers can also provide first responders with your precise accident location, or help retrieve your vehicle if it has been stolen. Many of these platforms allow parents to see where their kids are, how fast they are going, or if they are making any risky maneuvers. 

Are there privacy concerns to think about when using a tracking device?

As insurance trackers have become more and more popular, some states have begun to regulate the data that is gathered more than others. In a time where other nations such as China have enacted a “social score”, many Americans worry about technology like this becoming too invasive, especially concerning issues like pending divorces, political beliefs, or even habits like drinking.

One of the most important things to keep in mind is that at this stage of the game, the tracker only is concerned with tracking data that is related to your insurance rates. While some believe that the time will come when these types of services intersect with others, such as private detectives and prosecuting attorneys, this is not the case. Even if these claims were valid, some of this information can already be tracked with a simple GPS nudge.

Is a car insurance tracking device right for me?

Much like any other decision in life, the majority of this is up to you. If you are a safe driver that displays good driving habits the benefits could be a real advantage. If you are known to not break the speed limit and drive predominantly during the day, or even go under 11,000 miles a year, you could have significant reductions in cost. One of the best recommendations for you is to complete a test drive with this option, as you can use it for a few days to see if it makes a difference in habits or the final cost. 

All of us here at the Alexander agency of Saint Charles can provide assistance and answer any questions you may have! We want to help keep you safe on the road throughout the holiday season and the new year, and we also want to help you cut costs and save money wherever possible!

03Oct

After you successfully accomplish the goal of purchasing a home and covering it with an insurance policy, you’ll be presented with the option to choose replacement cost coverage. This will protect you by providing the funds to replace damaged or stolen property. This is the process of recoverable depreciation, which covers the gap between the depreciated value of an item, and the actual cost to replace it with one that is “fresh out of the box.”

What is the Calculation Process for Recoverable Depreciation?

If the depreciated value of a stolen stereo is $700 while a brand-new model is $1800, the gap of recoverable depreciation is $1100. When you encounter an issue and make an insurance claim, all of us here standing by for you at the Alexander Insurance Agency will calculate the actual cash value of the item that is damaged, missing, or destroyed from peril. If the item was damaged because of an issue that was covered by the policy such as a flood or fire, the company will assign an adjuster to determine what the value of replacement will be.

This provides a close-up look at the deprecation of the item including its age, normal wear and tear, and predicted longevity. If you purchased a home computer for $3,000 three years ago and it turns up missing, your homeowner’s adjuster could determine that a desktop computer’s typical lifespan is five years. Since the laptop was then three years old, the depreciation stat is $1800. The ACV Payment is $1200, which is $3000 – $1800. Your deductible also kicks in and applies for a claim, of which an average amount is $500 – $1000.

What Type of Payments can I expect for Depreciation Insurance?

If your homeowner’s policy does not currently have replacement cost coverage, the check you receive after a claim will be for the ACV minus the deductible. If you are currently covered for replacement cost, you will get a first payment for the ACV of the item so you can begin the process of fixing it or obtaining a new one, and the second payment will then be issued for the recoverable depreciation. Once you receive an ACV insurance payment and begin the process of repair or replacement, you’ll receive a recoverable depreciation payment after you submit your receipts.

Sometimes after a disaster “life just happens” and you get too busy to take care of everything that stacks up on your to-do list. If you don’t follow through with finishing a repair or replacement, you won’t receive the second payment for recoverable depreciation. In this case, you would just receive a check for the item’s ACV. The items that were destroyed are what you are being reimbursed for, and if you decide not to replace them, you won’t receive full compensation.

How do I Begin the Process of a Recoverable Depreciation Claim?

If a disaster or theft happens to you, here are the appropriate steps to take:

  • Notify your insurance provider as soon as possible about the event.
  • Gather all the important information such as receipts, high-res photographs, and police reports.
  • Submit the vital claim form together with supporting documents to the insurance company for prompt assistance.
  • Wait for the company to process your claim.
  • You’ll then receive your first payment to reimburse you for the cash value.
  • Take the time to fully repair or replace the item.
  • Submit the receipt to your insurance provider.
  • You will then receive the second payment to cover recoverable depreciation.

Which Party is the Valid Recipient of the Depreciation Insurance Check?

The final depreciation payment may be issued to you, a lienholder, or the company you employed to repair the item. If your home undergoes damage, your mortgage company may be the one listed on the check because they hold a legal stake in your property. If you are replacing something such as a couch or stove, the payment will be issued directly to you as the owner. These important details can make a difference when it comes down to how quickly you can obtain or deposit the funds you are due.

What Factors Will Affect the Terms of my Recoverable Depreciation Payment?

  • If the actual cost of the replacement item remains at less than the value of your original item, the recoverable depreciation payment will be calculated based on what was originally yours. If you had paid $2000 for a guitar that got destroyed and its replacement cost $1000, you won’t get to claim a check for the difference.
  • If you choose to not replace or repair an item, you will only receive a check for the item’s actual cash value and not a fully-fledged recoverable depreciation check.
  • If you filed a claim for an item that doesn’t depreciate over time such as machinery or jewelry, you won’t receive a second check.
  • Some states will mandate a rigid time that you need to make a claim to receive recoverable depreciation. This has quite a bearing on when you will receive the payment and be able to thoroughly replace what was lost.

Does my Situation Recoverable Depreciation Insurance?

Everyone’s situation is different, but personal belongings are incredibly important to your daily thriving and healthy existence. If anything ever happens to them, you need to ask yourself a very serious question of if you have enough money to cover the full replacement cost. If there is any question about your ability to do this, it’s best to make sure you have replacement cost coverage to allow you to meet that need during a time of extreme stress. Here at the Alexander Insurance Agency of Saint Charles, we have been assisting families and businesses to build their dreams for years and are eager for you to have a plan for the times when the unexpected affects the possessions you have worked so hard for!

21Sep

As some drivers hurry down the road to their next destination, the specifics of your car insurance policy may not always be on your mind. However, if an accident does take place, it quickly moves to the top of your priorities! No one wants to have a claim denied, but it does happen. These are just a few of the reasons why the claim may be denied, and what you can do to get things back on track.

The Premium Was Not Fully Paid:

Since your car insurance policy is a contract between you and the provider, you are bound by agreement to pay the premium in exchange for varieties of coverage. If your payment is not promptly received, the insurer may cancel your policy or deny claims. It is imperative to always pay your premium right on time, even though there are some grace periods in place to help you if you are falling behind.

Expiration of Statute of Limitations:

Once a car accident takes place, the time you have to officially report is limited. If you are not 100% sure what your statute of limitations entails, speak with a licensed attorney who specializes in car insurance claims, and they will be able to tell you if you are in any danger. In Missouri, that time is currently listed as five years, but you can refer to us back periodically as things change.

The Accident Type is Not Covered by Your Policy:

Every accident has different characteristics, and comprehensive, collision, and uninsured motorist insurance policies all have different properties that may or may not apply to each incident. It’s always a good idea to keep in touch with us periodically and remain updated on what your policy includes in the case of an accident. You may encounter surprises when you have the bare minimum for coverage, another area in which we can offer you full assistance.

The Damages You Suffered Were Not a Direct Result of the Accident:

After an accident occurs, it should not be automatically assumed that your insurer will kick in promptly and cover all damages. If it can be proven that these damages were not a result of the accident, they may not be covered at all.

Medical Attention Was Not Immediately Sought:

Even if your injury just feels like it is a minor scrape or scuff, it’s important to see a doctor right away. It’s not just for your health: this will greatly support your overall claim. The insurer can deny your claim without the proper records that detail any injury such as MRIs, X-rays, and other forms of documentation. Even if you feel like you don’t need to see a doctor, you could be in shock, and issues such as internal injuries are not always immediately evident. By undergoing a thorough check-up, you’ll have the proper elements you need if you start to encounter sudden pain or other trauma in the future. 

Encountering Delays on the Wayside of Cooperation:

Immediately after an accident, the insurance company involved will begin collecting information about all the events. Even if you are traumatized, hospitalized, or otherwise pressed for time, it’s very important to make sure these are handled quickly. There is now a lot of information to be processed and other things to take care of in your busy life as well, but making sure this gets handled immediately is only going to make the entire process that much smoother in the long run. 

A Lack of Evidence in the Long Run:

So many car accidents are not quite cut and dry and involve detailed paperwork, medical records, and other forms of detailed evidence. After you file a claim, your most important objective is to provide proof that these damages were a result of this accident, allowing claims to be processed faster and without question. The longer you wait, the more difficult it becomes difficult to stay on top of everything, as you may be dealing with other entities who are all requesting information from you. Phone calls and other requests may stack up, and these various forms of evidence are crucial to a hassle-free process.

If your car insurance claim is denied when you initially begin the process, it’s important to not panic! You can always make the motion to file an official appeal or speak with an informed and experienced attorney to guide you. We have been helping people who are just getting through the initial stress and inconvenience of an accident for years at Alexander Insurance. We are standing by to assist you with the right decisions in policy selection to provide you the ultimate protection!

12Sep

From a teeming digital storefront to the bustling hallways and warehouses of a physical business address, many events can quickly arise that will make you want to feel protected. We provide many kinds of business coverage here at the Alexander Insurance Agency of Saint Charles and have learned over the years that the perfect balance of policies you need will depend on several variables regarding your company.

Business Insurance will aid with multiple claims, private property, and legal payments in case anything goes wrong while you are conducting business. The act of being insured is setting yourself up for security in the event of a business loss of income and can be a huge help with recovery and getting back on track with logistics after an incident. 

What Types of Elements are Covered?

Here are some of the traits that business insurance can assist you with and protect: 

  • Lives with business principles
  • Lives for essential employees
  • Lives of a specified employee group
  • Long and short-term disability of owners and employees
  • Needs for the buildings and essential machinery property and casualty coverage
  • Liability for and damage to transportation assets essential for work
  • Liability for general product
  • Employee health insurance in the event of injury or sickness
  • Lost earnings after an injury falling under workers’ comp

How Much Will This Protection Cost me?

The biggest factor that affects how much your monthly cost will be is the type of business insurance you choose. Business insurance can average from $75 per month for general liability and sometimes around $130 per month for worker’s compensation. There is also the option of securing a business owner’s policy that combines the liability and property coverage elements into one form of coverage. The average cost in the US for this type of policy is around $110 per month. 

Another very important factor that decides how much you purchase is what type of business you run. Someone in the contracting business can expect to pay more than someone who functions in an office-oriented setting such as a call center. The reasoning behind the drastic difference is the hazards that are related to each different job since the machinery, pacing, and atmosphere of a contracting business can carry much more hazardous potential than is found within the office. 

The amount of coverage you are seeking influences your costs as well, and you can offset this a bit if you can settle for having a bit higher deductible. If a claim is ultimately made, an adjuster assesses the damage amount, and decides on the final cost to fix or completely replace the items in question. After the deductible is paid, your provider issues you a payment for reimbursement, much like medical coverage kicking in for a hospital stay after a certain threshold. 

What Are the Different Forms of Business Insurance?

Although it can seem a bit more complex than standard auto coverage, that’s why we are here and happy to help! Here are some of the options you can choose from to “custom-build” a functional coverage that works for you and every facet of your business:

  • A Business Owners Policy consists of a combination of general liability coverage and property insurance. There is also the option of adding employment practices liability insurance policy to make sure that your employees have appropriate coverage.
  • Business Interruption Insurance is also commonly known as business income insurance and helps you recover valuable lost income and expenses related to operating pay. Elements such as payments on loans, taxes, and your mortgage can be covered if you are forced to shut down because of some type of disaster. Occurrences such as burglary, flooding, and fire all apply here.
  • Management Liability Insurance: This will kick and provide combined coverage such as employment practices liability, fiduciary liability, and essential coverage for businesses operating with a board of directors. 
  • Errors and Omissions Insurance is one form of coverage you want to consider if you offer professional services. It will protect you if a client can adversely claim that using your services was the cause of financial stress. Having coverage like this is especially vital for dozen financial advising in tax prep professions.
  • Product Liability Insurance is important to protect you against claims that are related to the use and vitality of a product. If any component of your product causes damage or injury and triggers or lawsuit, product liability insurance will be in place to protect you. 
  • Auto Coverage: When you or your employees are using vehicles for business purposes, you will need coverage. The choice between commercial or personal auto insurance depends on what type of vehicles you are using, and what level of coverage you are after. 

What Steps are Taken to Determine What Type of Insurance Your Business Needs?

1. Take Inventory of your Assets Vs. Responsibilities:

It is very important to do a thorough inventory of your business and its assets, to clearly determine just what needs coverage. Ask yourself what insurance you are legally required to have, and exactly where your liabilities that can add up quickly are. If you are working around dangerous equipment you may want to secure coverage for injury, as well as a pawn shop owner may want protection against various theft. 

Missouri State Law requires businesses with five or more employees to carry worker’s comp insurance, and every business-owned vehicle must be covered with a commercial insurance policy.

2. Closely Examine all Risk Factors:

Take the valuable opportunity to analyze your additional risk and liability will help you with determining which insurance can offer the perfect fit of coverage for you. Some difficult questions may need to be addressed such as what would happen in the event of a commanding chief’s death, and other issues should be looked at regarding day-to-day risks for your profession. Tree-trimming, framing, and concrete laying all provide unique risks that should not be brushed off in case of accidents and liability issues. 

3. Settle on a Defined Level of Comprehension:

Depending on what type of business you’re insuring, you may need a basic level that covers all aspects of what you could potentially lose. The best way to do this is by tallying the cost, and then stack that up against the probability of those events occurring during your daily operation. it has become obvious over the last two years that no business can ever have too much protection, as the world becomes more uncertain every day.

This is a big decision for any business owner, as you are providing security for yourself along with a chance to know that you’ll be covered if your day’s business operations have any unexpected pitfalls for you to accommodate. Having to pay out a claim yourself is something that you won’t want to have to handle on your own, and we will gladly assist you during this process: you won’t ever feel as if any employee or facet of your business could take an unexpected hit.

29Jun

Boat Insurance will cover you in the event of any extreme loss or damage that has occurred to your boat and will cover most water crafts that are motor-powered. As summer is now here with its many opportunities for fun and water-inspired thrills, this type of insurance will cover recreational fishing boats, pontoon boats, leisure crafts, yachts, and even paddle boats. If your boat of choice is a canoe or kayak, you usually do not have to opt for coverage. 

What Exactly does Boat Insurance Cover? Before you head out on the water to enjoy the sun and splash-induced thrills that the weekend commands, it’s important to know just how your boat policy from us here at the Alexander Insurance Agency of St Charles will allow you to enjoy your time out on the water while being protected. Here are some of the ways you can expect to protect yourself after you consult with us here to see which option is best for your wave-running slice of fun!

  • Collision Damage: This covers repairs or placement of your boat, but it might not include the cleanup of the actual wreckage unless you are willing to purchase optional additional coverage on the watercraft.
  • Property Damage Liability: This coverage will account for injury that you might cause anyone while you are enjoying your boat, such as medical expenses, loss of job income, and any expenses from legal proceedings. 
  • Comprehensive: Is a type of coverage that will provide conversation if your boat is stolen, vandalized, or severely damaged in an incident other of them a proven crash.
  • Additional Coverage Options: These will assist with providing coverage for medical payments, loss of fishing equipment, drastic oil spills, damage of your valuable personal property and even roadside assistance. It will also help with damage and injuries from any accident caused but negligent boaters who do not have insurance coverage.

Am I Required to Carry Boat Insurance? Before you hit the water for some fun and much-needed sun, you’ll want to know if boat insurance is required by their state. Many states require that you have the most basic tier of liability coverage, and marinas may require you to have boat insurance to properly dock at their location. If you are seeking a loan to buy a boat outright, the lender will likely require that you have sufficient boater’s insurance coverage in place. 

What Warrants Sufficient Coverage For my Needs? The total amount of boat insurance you need depends on a number of factors: these include the size of the motor, age of the vessel, value of the boat, and daily intended use. If you have a very modern speed boat boasting a massively powered engine, you will need a heightened amount of coverage for bodily injury and property damage liability as opposed to buying a slower pleasure trawling model. We recommend securing at least $1,000,000 in liability insurance, and you may need more if you have a powerful boat that poses more risk and can rapidly cause more damage to others out on the water. For uninsured and underinsured motorist coverage, a typical minimum is $10,000. The amount you are looking to secure should take into consideration the potential injuries and incurred damage you may need to be responsible for if you or one of your crew is seriously injured, or the boat suffers damage. 

What About the Others Along for the Ride? Boat Insurance will adequately cover boat passengers as well as the owner in case of a sudden accident. The passengers are covered under the liability portion that is written into the said boater’s policy. We are asked frequently about water-skiers: this is one area where one of our knowledgeable professionals can help evaluate you as the tendencies for accidents and rates can vary. 

Recreational boating is one of many Missouri residents’ favorite pastimes as it allows for the enjoyment of open space, adrenaline wave-running professionals getting their fix, and anyone who wants to chase bluegill or bass tranquil dreams of office escape come true. We hope that you come to visit us soon here at the Alexander Insurance Agency to find the best boating policy for you, and leave with the assurance that everything that happens on the water while you are enjoying “a year of reclaimed freedom” is fully covered and spoken for!

28Jun

After the nation has endured more than two years of feeling locked down in so many ways, the chance to see soul-stirring locations such as the Grand Canyon and other amazing national parks are just a start of what you can do with a well-equipped RV. There’s nothing quite as freedom-inducing as having a place to spend the entire evening on wheels, and the “Winnebago Warrior” spirit has been around for decades. Many people right here in Missouri are asking us about the different types of coverage that they will need to do the job right and feel as if they are protected in all ways once they hit the road. 

Are you Holding the Best Type of RV Insurance Possible For Your Needs? There are several different types of recreational vehicles that offer tons of sleeping space, outdoor and indoor cooking options, and the means for the whole family to escape and enjoy the great outdoors on your own terms. Here it is important to note that you may not just want to rent it, cover it, and put it in drive before you go: there are many things that you may want to learn about the handling and overall performance of your RV before hitting a place such as the Ozarks with a recreation-bound fervor! 

The main differences that we can go over with you here at the Alexander Insurance Agency of St Charles depend on whether you have a camper, motorhome, or trailer. In most states as a rule, you’ll need liability, property damage, and bodily injury as your minimum requirements for coverage. If your RV motorhome is not completely paid for by you, the lending party will want you to carry collision and comprehensive coverage to provide your due diligence protecting their property while waiting for the title transfer process to be completed in its entirety. 

Is RV Insurance Required During all Times of Operation? If you happen to damage your RV or impose injuries upon another party, you can file a claim with your insurance provider. Depending on the type of incident that occurred, your insurance policy may kick in and pay for the losses or injuries up to your coverage amount. One of the most important things to consider while looking at your options for RV coverage is that your premium is determined by how often you use it, and if it is just used occasionally or if you are using it as a full-time place of residence. 

Comprehensive Coverage will protect your RV from outright theft, vandalism, windshield damage, rocks and debris that may be kicked up, and sudden impact with animals. Collision coverage takes care of damage to your RV if an accident takes place no matter which driver was ruled at fault. Both coverages will include a deductible, which is paid out of pocket before coverage much like forms of health care coverage. 

Bodily Injury and Property Damage Liability is the coverage type that is usually the predominant one being required for motorhomes. It will act to pay for damage or injuries that you cause while driving your motorhome and will thankfully cover legal fees that could occur after any type of accident. Travel trailers do not require liability coverage because it is usually provided by the vehicle that is in place with the necessary muscle and horsepower to keep the load movin’ at all costs. 

Uninsured/Underinsured Property Damage and Bodily Injury: if your motorhome is hit and damaged by someone who is not carrying insurance at all or does not have enough to properly cover the damage they’ve caused, the uninsured and uninsured motorist property damage coverage type will pay to repair for replacement, or for any injuries that happen during the incident. 

It has been exhilarating to know that all our valued customers here at the Alexander Insurance Agency of St Charles are able to get back out and enjoy everything the fresh air and stoking challenges the wild can offer. Having a moving space in tow allows for the freedom to come back from the lake and chill out for a bit, have a movie night if the weather takes a drastic turn, or even bunk up properly with some of the extra family fun-seekers that came along for the ride. If you are just heading out for a few weeks or want to consider roving around in an RV permanently, come sit down with us and plan for being well-protected from loss, accidents, and damage: There is too much time you’ll want to spend enjoying open spaces instead of worrying about any trouble that will arise from not properly covering your necessary insurance bases!

20Jun

Once you begin the exciting process of planning a vacation and looking at the various types of accommodations to choose from, you’ll find that vacation rentals, quaint bed and breakfasts, lavish hotels, and independent contractors such as Airbnb are all now on the scene for your selection. There are many good reasons to book a vacation rental, and just as you would look at many other traits, you and your fellow vacationers should counsel how significant it is to have appropriate insurance coverage when staying at a vacation rental.

We know that everyone loves to envision the excitement of jet skis on pounding waves, ideal dinners outside at night, and the best of what a vacation has to offer, but your personal belongings along with other items need to be considered when you embark on your routine trip of seasonal summer fun. You may have an existing policy that protects your home and your belongings, such as a renter’s insurance policy or a homeowner’s insurance policy. Personal property coverage and liability coverage are two of the predominant means of protection we can offer you here at the Alexander Insurance Agency of St Charles.

What are the Most Important Means of Coverage During my Stay?
Personal property coverage is in place to protect any property that is not physically attached to buildings or structures on the real estate you are enjoying your vacation in. The personal property that is entirely covered in your homeowners or renters’ policy will kick in and cover all the dire contents of your home or even apartment, such as a stove, refrigerator, and your personal belongings like books and clothing. These policies will actually also cover other personal property that you keep in other locations, such as a nearby storage facility, and may even cover items for a next of kin’s personal property away at school in a dorm room.

The Personal Liability portion of your homeowner’s or renters’ insurance policy protects you against unexpected lawsuits for things like injury on your property, and damage on said property that you and your family members can inadvertently cause to guests. Many times, things happen in a vacation rental when the family is not paying attention and you can cause damage at the drop of a hat with something like a hot skillet or leaking cooler. Everyone who goes on vacation is also excited to bring along their favorite furry friends, this kind of coverage also protects you against damage that your overexcited canines may incur.

Other Very Useful Types of Coverage for Seasonal Stays:
Other things to consider during a seasonal summer stay are whether the vacation rental you are temporarily inhabiting is protected by a homeowner’s insurance policy. It is best to always ask the owner what type of insurance they have as a policy for the vacation rental because you want to make sure that there’s liability coverage in place to protect you if any amount of things happen to you while you are enjoying your stay. It is best to make sure that the owner has procured proper coverage for the vacation rental just in case one of your party is injured on the property if the owner is negligent.

You can stumble, fall, slip, or trip on any part of the dwelling that may not be up to code or deteriorating, and their liability coverage would be needed to assure the person who was injured had their medical bills properly covered. We can assist you before you go on a vacation because we know that the next one you take may be extended! It has been amazing to see the world open up again and all of our customers enjoying the all-out freedom of taking extended trips: there is so much to see and do out there in the wide world! A few quick questions answered on our end here at Alexander Insurance will assure that you are in good shape for the trip, the packed bags are done with due diligence, and the flight plan is booked for pre-boarding and summertime excitement!

23May

With impending natural disasters such as storms off the Gulf Coast, more wildfires in the West, and tornadoes close to us here at the Alexander Insurance Agency of St Charles, it is always important to be prepared in many ways for any events looming ahead. It is very true that disasters DON’T wait in the long run, and that knowing just what to do and when is going to provide a sense of security and a very concrete foundation for the long run.

Here are some tips for all business owners to keep in mind that will assure that you feel prepared and have both proper planning and coverage in place to weather any storm that comes your way during what has proven to be the most uncertain of times.
Give Your Provider an in-depth Review: Many instances can see your business entity suddenly outgrowing the provisions and offerings of your current provider. Companies that build their practice around selling on price may be a good fit for a 19-year-old driver or a business that has just got started, but as your market share increases your needs change drastically. What is difficult for many business owners to realize is that an intense focus on handling claims should be your provider’s best attribute.

Business Interruption Insurance is one of the most important types of coverage you’ll ever acquire but unfortunately may exclude the occurrence of pandemics as a benefit. There have been instances lately where commercial insurers re-rated their general liability policies using their reduced intake level as an indicator and saved more than 80% overall on their insurance. While doing this does not provide a replacement for business interruption insurance, taking the action made it possible to at least continue operating when reopening was an option.

The Leveraging and Peace of Mind from Liability Insurance: Business Liability Insurance is commonly known as general liability insurance, which protects against claims that could originate from anyone that is associated with your business. It could happen on your property, or could also happen somewhere else. Your products, professionalism, Fiduciary duties (such as in real estate dealings), and Cyber liability are all good things to keep in mind here.

The Worker’s Comp Bountiful Benefit: Worker’s compensation insurance protects your workers and their families when workers undergo any level of injury on the job. One of the most important things to keep in mind here is that these injuries must render the worker no longer capable of performing their daily duties, and it can be permanent or temporary. Since no insurance is, in the least, created equally, it is best to work with a company that you know will have equal treatment for disabled employees. Since so many workforces are now mobile, making sure that your insurance coverage in that domain is adequate can be challenging as well.

Different ways to Assure You’re Ahead of the Curve Regarding Auto Insurance: your needs for auto insurance will depend on the kind of business you have chosen to start. Real estate, contract ING, construction, claims adjusters and some in social work may want to consider the many benefits of carrying commercial auto insurance policies. One good rule of thumb is that if your vehicle weighs more than 10,000 pounds or has a commercial logo on its side you should be thinking about the benefits of a well-versed commercial auto insurance policy. Winning accident victim knows that a driver is approaching things from a commercial standpoint; they may think you have deeper pockets, therefore posing a grave problem.